- Create Passive Income
When investing in real estate there are many different avenues to choose from. When deciding which avenue is best for you, it's important to consider the difference between passive-income generating avenues and earned or working-income generating avenues. In fact, in my opinion, understanding the difference between passive income and working income is one of the most important things to consider when investing in real estate.
- Types of Different Income
Pay check is the money that we get as our salary or wages. Before discussing about the passive pay check, I would like to talk about the different types of income. Basically, there are 3 different types of income. They are:
- Residual Income Effect
Have you ever wondered what type of income the wealthiest people in the world use to create their fortune and do it by working less hours? Most people are relying on the more traditional way of creating an income for themselves and are getting know where fast; Such a way is: